Investors' Soapbox PM

Merchant Processors Set for Upside

Global Payments and Heartland Payments will be boosted by regulation.

September 9, 2011

Sterne, Agee & Leach

Building on our note earlier in the week on the health of payment card-related economic indicators, we recently spoke to our merchant-processing industry contacts, which have confirmed that merchant-card volumes have generally held up well this quarter, roughly in line with expectations coming out of second-quarter results.

The only caveat we heard is that Hurricane Irene, not surprisingly, did have...